Auburn National Bancorporation(AUBN) - 2024 Q2 - Quarterly Results

Exhibit 99.1 For additional information, contact: David A. Hedges President and CEO (334) 821-9200 Press Release – July 23, 2024 Auburn National Bancorporation, Inc. Reports Second Quarter Net Earnings Second Quarter 2024 Highlights (1): • Net earnings of $1.7 million, or $0.50 per share, compared to $1.4 million, or $0.39 per share • Total revenue increased 1% • Net interest margin (tax-equivalent) improved 2 basis points to 3.06% • Annualized growth of average loans of 9% • Negative provision for credit l ...